Huntingdon County Business & Industry Inc

Analysis

Huntingdon County Business & Industry Inc is a registered charity in United States, based in Huntingdon, PA. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Huntingdon County Business & Industry Inc reported income of $269k and spending of $263k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $269k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Huntingdon County Business & Industry Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($269k), Community Cycles of California Inc ($269k) and Candorful Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 23% of the total. Other salaries and wages came to $188k. At year end it held assets of $1.4m against liabilities of $320k, net assets of $1.1m. It reported 3 employees.